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Regulatory

Lundin Mining's Vicuna seeks to add deposits to regime

By The Northwire Desk — AI Analysis Dec 11, 2025 · 19:49 LUN · 27.14 Lundin Mining Corporation
LUN · Price

Executive Summary

  • Vicuna Corp., a joint operation involving Lundin Mining, has submitted an application to Argentina’s RIGI (Incentive Regime for Large Investments) for the Josemaria and Filo del Sol deposits.
  • The RIGI regime is designed to provide long-term fiscal stability and transparent regulatory conditions to attract large-scale foreign investment.
  • This submission is a key milestone for the multidecade, district-scale copper-gold-silver development project, which is positioned as one of the largest potential foreign investment projects in Argentina.
  • An integrated technical report outlining project details and economic benefits is expected to be completed in the first quarter of 2026.

Key Details

  • Application Submitted: Vicuna Corp. applied for inclusion in the RIGI PEELP (Proyecto Estratégico de Exportación de Largo Plazo) regime in Argentina.
  • Target Assets: The application covers the Josemaria deposit (Argentina) and the Filo del Sol deposit (Argentina and Chile).
  • Strategic Context: The project represents a multidecade, district-scale copper-gold-silver development.
  • Investment Scale: The project is described as one of the largest potential foreign investment projects into Argentina across all sectors.
  • Future Milestone: An integrated technical report detailing project specifics and economic benefits is scheduled for completion in Q1 2026.
  • Partnership: The project is a joint operation with partner BHP, with Lundin Mining holding a 50% indirect interest in Vicuna Corp.
  • Resource Background: The combined Vicuna project is highlighted as one of the world's largest copper, gold, and silver resources, based on mineral resource estimates for the Filo del Sol sulphide and oxide deposits and the Josemaria deposit.

Notable Quotes

  • "Submitting the Vicuna RIGI PEELP application is an important step in positioning the project for long-term success. The RIGI framework offers a stable investment environment that aligns well with the scale, capital intensity and multidecade potential of the Vicuna project. The combination of RIGI benefits, provincial support and the quality of the Vicuna project resource base lays the foundation for transformative value creation. Together with our valued partner BHP, we look forward to continuing to build on the solid relationship with the Argentine and San Juan governments." — Jack Lundin, President and CEO
Read the original news release →

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